Cryptocurrency Price Analysis
The week started though with huge volumes of selling and major support levels breaking that brought Bitcoin’s price below 7500$ on Sunday. After a though start to the week the market has started to stabilize and recover. Last week massive selling overwhelmed the markets and most cryptocurrencies reached record lows for a brief period of time.
Last week we saw huge volumes of selling and major support levels breaking. Most cryptocurrencies reached record lows with massive selling taking place. Price analysis shows that the huge amounts of selling overwhelmed the markets and key support levels were broken. The prices of cryptocurrencies quickly plummeted but have managed to recover a bit since then.
Cryptocurrency price keeps changing—and sometimes this happens very quickly. If you are going to trade cryptocurrencies, then you must be aware of the market forces that determine the price of individual cryptocurrencies. While there is no guarantee that the factors listed here will affect cryptocurrency price, they do have a greater bearing on the prevailing […]
It looks like the market is preparing for a big bull run. There are some indicators of a bull phase in its earliest stage. The prices will recover as usual but only time will tell if a big bull run is about to impact the markets. In this price analysis you will see a beautiful inverse head and shoulders graph that signals an uptrend.
February began with a lot of selling and major dips across all cryptocurrencies. After a week prices started to go up slow and steady. Since then all major cryptocurrencies had an upward momentum. Last few days we saw that they struggle to keep this momentum and another round of selling has taken place.
In the recent corrections it was Ethereum who stood the strongest from the top ten cryptocurrencies by market cap. Before that Ether reached an all-time high of 1432$ on January 13th this year. Since then Ether was the best performing cryptocurrency from the strongest.